*GLOBAL STOCKS MOSTLY LOWER AHEAD OF KEY U.S. CPI INFLATION, CRYPTO WORRIES MOUNT -
Sky-high inflation has caused the Fed to raise rates aggressively this year, a process that has boosted the dollar and caused U.S. Treasuries and shares around the world to sell off sharply.
The report is expected to show a slowing in both the monthly and yearly core numbers for October to 0.5% and 6.5%, respectively, according to a Reuters poll. He said if CPI came in higher than expected, particularly its core components, then that pricing would go up, and likely send the dollar higher, while a lower than expected print could cause the U.S. currency to give back some gains.
The greenback hit a 32-year high of 151.94 yen in October and a 20-year peak against the euro in September when the European common currency dropped as low as $0.9528. Apple Inc supplier and iPhone assembler Foxconn said on Thursday it expected flattish revenue in the fourth quarter, as the company grapples with COVID curbs at a major factory in China's Zhengzhou industrial hub.
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